Company Data

Prime Dividend Corp. Class A Shares

Ticker
PDV:CA
Current Price
$11.15
Market Cap
$9.5M
Price Target
Refer to Report
52wk Range
$6.66 - $11.15
Advanced Market Data

Overview

The investment objectives with respect to the Class A shares are as follows:1. To provide holders with monthly cash distributions targeted to be at a rate of 10% annualized based on the volume weighted average market price of the Class A shares for the last 5 trading days of the preceeding month. The net asset value per unit must remain above the required $15 per unit threshold for monthly distributions to be declared; and2. On the termination date to pay holders the original issue price ($15) of those shares. The Company invests primarily in a portfolio of common shares which will include each of the following Canadian dividend paying companies:Bank of Nova ScotiaBank of MontrealCanadian Imperial Bank of CommerceNational Bank of CanadaRoyal Bank of CanadaToronto-Dominion BankGreat-West Lifeco Inc.Manulife Financial CorporationSun Life Financial Inc.AGF Management LimitedCI Financial Corp.IGM Financial Inc.BCE Inc.Power Financial CorporationTC Energy Corp.TMX Group Inc.

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